NCR Launches Select Edition Small Footprint ATMs for Remote, Underserved Locations

NCR Corporation unveiled its SelfServ Select Edition (SE) Cash and SE Recycle ATMs, that will help financial institutions (FIs) to expand their reach and serve the more than 19% unbanked population in India. This new, small-footprint ATM technology from NCR is designed to enable banks to offer access to cash in remote, previously underserved locations.

India remains overwhelmingly a cash economy with more than 50% of all retail transactions completed using cash – an estimated 18.5 billion will be withdrawn from ATMs in 2018 alone. That number is estimated to reach 26 billion by 2022.